gift tax

March 26, 2014

Who is subject to estate and gift taxation?

For purposes of estate and gift tax the jurisdictional bases are citizenship or residence, and the location of the property. The estate tax reaches all property […]
March 26, 2014
Taxes Note, Pen And Uk Tax Forms Lying On Desk

Estate and gift tax purpose and how are two related?

Simply stated, the estate tax is a tax on your right to transfer property at your death. Gift tax, on the other hand, exists to limit […]
March 25, 2014
Hawaiian Business Owner and His CPA Convicted in Tax Scheme

The four goals of business succession planning

The four main goals of business succession planning are the following: (1) to minimize and plan for the financial burden of transfer taxes (estate, gift, and […]
March 25, 2014

Can’t Reach an Agreement with the IRS Office of Appeals?

In most instances, you may be eligible to take your case to Tax Court if you don’t reach an agreement at your Appeals conference, or if […]
March 21, 2014
Taxes on gifts and bequests to Americans from expatriates

Taxes on gifts and bequests to Americans from expatriates

Gifts and bequests to U.S. persons from covered expatriates are taxed at the highest marginal estate or gift tax rate applicable at the time of the […]